SoCali4niaInsurance- Brian J Stidham

Annuities

ANNUITIES

Definition- An agreement with you and another party where money is deposited and later returned in a series of payments.

THREE COMMON FORMS OF ANNUITIES:

Public Annuities- Social Security

Private Annuities- Pensions

Asset Backed Annuities- Insurance Company 

Slide 1- Do I Need An Annuity?
DO I NEED AN ANNUITY?
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The two primary reasons to have an Annuity are:

*You want to save money tax-deferred for a long-range security goal.

*You want a guaranteed income stream for a certain period of time or for life.

The two primary reasons to have an Annuity are:

*You want to save money tax-deferred for a long-range security goal.

*You want a guaranteed income stream for a certain period of time or for life.

The two primary reasons to have an Annuity are:

*You want to save money tax-deferred for a long-range security goal.

*You want a guaranteed income stream for a certain period of time or for life.

Slide 2- Annuity Components
BASIC COMPONENTS OF AN ANNUITY CONTRACT
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There are basically three components to an Annuity:

*The Accumulation phase- The money you put into the annuity earns interest and grow tax-deferred, you won’t owe taxes until you make withdrawals.

*The Payout phase- The insurance company pays income to a designated person and typically have the flexibility to choose how the funds will be paid.

*Rate Of Return- The guaranteed interest rate or chosen allocation term and participation rate.

There are basically three components to an Annuity:

*The Accumulation phase- The money you put into the annuity earns interest and grow tax-deferred, you won’t owe taxes until you make withdrawals.

*The Payout phase- The insurance company pays income to a designated person and typically have the flexibility to choose how the funds will be paid.

*Rate Of Return- The guaranteed interest rate or chosen allocation term and participation rate.

There are basically three components to an Annuity:

*The Accumulation phase- The money you put into the annuity earns interest and grow tax-deferred, you won’t owe taxes until you make withdrawals.

*The Payout phase- The insurance company pays income to a designated person and typically have the flexibility to choose how the funds will be paid.

*Rate Of Return- The guaranteed interest rate or chosen allocation term and participation rate.

Slide 3- Annuity Payments
ANNUITY PAYMENTS
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There are two common ways Annuity payments are distributed:

*Immediate- Payments begin almost immediately following the premium payment.

*Deferred- When the contract is opened, a term is chosen, which is the number of years until the principal is guaranteed and the surrender period is finished.

There are two common ways Annuity payments are distributed:

*Immediate- Payments begin almost immediately following the premium payment.

*Deferred- When the contract is opened, a term is chosen, which is the number of years until the principal is guaranteed and the surrender period is finished.

There are two common ways Annuity payments are distributed:

*Immediate- Payments begin almost immediately following the premium payment.

*Deferred- When the contract is opened, a term is chosen, which is the number of years until the principal is guaranteed and the surrender period is finished.

Slide 4 - Immediate Annuity
IMMEDIATE ANNUITIES
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Single Premium Immediate Annuity- A SPIA is an insurance product that provides the buyer a guaranteed stream of income in exchange for a lump sum of money. The buyer can choose to be paid over a certain period of years or lifetime.

Single Premium Immediate Annuity- A SPIA is an insurance product that provides the buyer a guaranteed stream of income in exchange for a lump sum of money. The buyer can choose to be paid over a certain period of years or lifetime.

Single Premium Immediate Annuity- A SPIA is an insurance product that provides the buyer a guaranteed stream of income in exchange for a lump sum of money. The buyer can choose to be paid over a certain period of years or lifetime.

Slide 5- Fixed Annuity
FIXED ANNUITY
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Fixed Annuity or Multi Year Guaranteed Annuity- A MYGA is an insurance product that promises to pay the buyer a specific guaranteed interest rate on their contribution to the account following the completion of designated accumulation period of the contract.

Fixed Annuity or Multi Year Guaranteed Annuity- A MYGA is an insurance product that promises to pay the buyer a specific guaranteed interest rate on their contribution to the account following the completion of designated accumulation period of the contract.

Fixed Annuity or Multi Year Guaranteed Annuity- A MYGA is an insurance product that promises to pay the buyer a specific guaranteed interest rate on their contribution to the account following the completion of designated accumulation period of the contract.

Slide 6- Fixed Index Annuity
FIXED INDEXED ANNUITY
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Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

Slide 6- Fixed Index Annuity - copy
FIXED INDEXED ANNUITY
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Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

NOTICE:  Annuities are products of the insurance industry and are not guaranteed by any bank nor insured by FDIC or the NCUA/NCUSIF. They may lose value. Annuities have no bank or credit union guarantee, not a deposit, and not insured by any federal government agency. May only be offered by a licensed insurance agent.

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Questions or Comments

I welcome your questions or comments regarding Annuities.  Thank you!

Contact

brians@socali4niainsurance.com  (951) 204-2745

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